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Business, 05.12.2019 23:31 shelbs6632

Concord corporation reported net income of $269,280 in 2017 and had 50,600 shares of common stock outstanding throughout the year. also outstanding all year were 5,300 shares of cumulative preferred stock, each convertible into 2 shares of common. the preferred stock pays an annual dividend of $5 per share. concord’s tax rate is 30%. compute concord’s 2017 diluted earnings per share. (round answer to 2 decimal places, e. g. 3.55.) diluted earnings per share

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Concord corporation reported net income of $269,280 in 2017 and had 50,600 shares of common stock ou...
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